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Verification of Payee (VoP): what changes from 9 October 2025
Starting 9 October 2025, a new EU regulation – Regulation (EU) 2024/886, the Instant Payments Regulation – will make Verification of Payee (VoP) mandatory for EUR payments within the Eurozone. VoP adds an important layer of security: before your payment is processed, the system checks whether the beneficiary’s name matches the IBAN. This helps reduce […]